Selling a Business in California

Selling a business after years of work can be extremely profitable. Many businesses are created with the hopes that they will one day be acquired by a larger firm. The sale can be complicated, however. There are Federal and California laws concerning mergers, acquisitions, negotiations and securities exchanges that must be followed.

How Do I Sell a Business?

To sell a business there must be an offer, whether it is solicited or not. Purchase agents in Azusa not only help to secure an offer, but also lends advice about which offers are worthwhile to consider. Preparing financial records to comply with California and Federal law is necessary and will help determine the proper value for the rights you are selling. As an agreement for the purchase is reached, normally a formal contract will be written. It is important to review such documents before they are signed so that all aspects of the agreement are presented properly.

What Will I Give Up in the Business?

The sale of a business is simply the transfer of a right known as "control". The party with control of a business directs its operations and can use the business property as it sees fit. The right of control can be separated easily from the business, and this often leads the buyers in Azusa to be less interested in other rights within the company. In fact, buyers often leave other rights, such as the right to future earnings, with the sellers so that they can acquire control more cheaply. Negotiations become vital in light of these particularities, and each party should use negotiations as an opportunity to make plain their intentions and concerns.

How Can an Attorney Help?

The law in California places certain demands on parties who want to sell a business. Attorneys in Azusa are qualified to advise you in this process and ensure that the sale is in compliance with the law.

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5*****Michael T.
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5*****Michael T.
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4****Michael T.
by
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03/14/2016I ended up not needing Michael to actually come to court but he was very knowledgeable and quick to respond every time. He drew all the necessary paperwork in a rush the day before my case started. I ended up winning the case after submitting his papers asking to adjourn to a new date because he was booked that day since I hired him last minute.

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01/27/2017Mr N. was a very timely, knowledgable and respectful attorney. He was able to assist me with my needs and not pull any punches with the possible results in my case. Mr N. proceeded to go above and beyond the expectations I required..
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5*****Albert N.
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Rashmi D. ,
03/01/2016

5*****Albert N.
by
Kathy P. ,
12/22/2014I hope I never have a need to retain an attorney again.
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11/09/2009I explained my case on legal match. Mr C. contacted me the same day. He asked questions and was very professional. I scheduled a no cost no obligation conference with him and decided to retain him.